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Now, consider the market for beer in the town of Greenville, depicted on the following graph. Use the black line (plus symbol) to illustrate the

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Now, consider the market for beer in the town of Greenville, depicted on the following graph. Use the black line (plus symbol) to illustrate the shift in either supply or demand resulting from a $6 price floor in Greenville. Greenville 10 New S or D Curve Demand PRICE (Dollars per pint) N 0 -Supply 2 3 B 10 QUANTITY (Thousands of pints) True or False: The change in the equilibrium quantity of beer produced and sold is greater when beer demand is more elastic. O True O False

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